Economy
1 January 2026
LatestKey economic developments in the Maldives include the establishment of an Intellectual Property Office, prioritizing SMEs in government procurement, and strengthening Customs valuation and duty exemption regulations. Following a review of last year's tourism performance, fisheries payments, and the financial results of state companies like MTCC and RDC, the government has set new targets. These focus on maximizing the benefits of the Maldives-China Free Trade Agreement and implementing revised expatriate labor quota policies.
31 December 2025
In November 2025, Maldivian exports rose by 9%, and MVR 909 million in loans were approved under the Hiyaavehi Financing Scheme. Key economic developments include the commencement of the Aila Sustainable Township, SME warehouses, and the Hulhumalé Green Nursery. Additionally, Addu Shangri-La Resort reopened, Maldivian launched flights to Muli, and agreements were signed to enhance Zakat management and banking services. Waste collection fees for businesses were also reduced to provide financial relief.
30 December 2025
Key economic highlights today include the reopening of Addu Shangri-La Resort after five years and the suspension of the Maldives Monetary Authority’s FIU head, Shazid. To support SMEs, waste collection fees have been reduced and storage facilities at major ports will be established. Meanwhile, issues have surfaced regarding the suspension of pensions for employed retirees and government travel expenditures exceeding the budget. Additionally, an agreement was signed for seaplane services to Thoddoo, preparations are underway for night operations at Funadhoo Airport, and infrastructure development continues with BML's affordable housing project agreements.
29 December 2025
December 28 recorded the highest single-day tourist arrivals for 2025, as state revenue rose to between MVR 36 billion and MVR 37 billion. The government announced measures to double fisheries income and support SMEs, while China denied responsibility for the Maldives' debt issues. Additionally, Aeroflot shifted operations to Velana International Airport's new terminal, Maldivian increased Umrah flights, and concerns were raised regarding ongoing budget overruns.
28 December 2025
Maldives' tourism is projected to reach 2.2 million arrivals in 2025, leading to increased activity at Velana International Airport and new measures to support aviation and SMEs. Amidst a four-day bank closure for the New Year, the government continues regional development and transport projects despite financial challenges and national debt. Key updates today include shifts in bunkering service revenue, a fine imposed on Manta Air for regulatory violations, and strategic decisions regarding the development of regional airports.
27 December 2025
The government has taken action against 66 illegal expatriate-run businesses, while China has pledged MVR 1.3 billion in grant aid to the Maldives. Island Aviation’s financial issues have been submitted to Parliament. Economic progress includes the first commercial jet landing at Hanimaadhoo Airport and increased jet activity at Maafaru Airport. Additionally, updates have been made to BML banking and Customs regulations, as the World Bank forecasts 3.9% economic growth for the Maldives.
26 December 2025
Hanimaadhoo Airport welcomed its first commercial jet, while Maafaru Airport anticipates record flight arrivals. Several infrastructure projects have been contracted, including land reclamation in Faresmaathodaa and Maaenboodhoo, road construction in Fiyoaree, expansion of Male' Bazaar roads, and the development of a hospital in Vilimale'. Additionally, the European market maintains a significant share of the tourism sector. Economic highlights include ensuring food security for Ramadan, expanding STO outlets, rising gold prices, and progress in bunkering services and SME loan disbursements.
25 December 2025
The Maldives and China have signed an $85 million development agreement, introducing a two-year concessional loan scheme for SMEs and opportunities for vessel procurement. Additionally, customs services have transitioned to 24-hour operations, and bunkering services have generated MVR 282 million in revenue. With ongoing development projects in Faresmaathodaa and Fiyoari, 2026 has been designated as the National Year of Productivity.